Mark Ferguson

Mark Ferguson

Labour — Gateshead Central and Whickham

Speaking in the House of Commons on 3 December 2024

Debate

National Insurance Contributions (Secondary Class 1 Contributions) Bill

Contribution

In the recent autumn Budget—it might feel like a long way away, but it was only a few weeks ago—the Chancellor made a decision to change the system of employer’s national insurance contributions. The purpose was to make the largest businesses make a contribution to fund the public services on which working people and businesses rely. As part of the changes to national insurance, we have increased the employment allowance to £10,500, explicitly to protect small businesses. The changes mean that a quarter of a million employers will see the amount of national insurance that they pay get cut.

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